Thryv down after announcing acquisition-related equity raise, preliminary results
** Shares of Thryv Holdings THRY.O down 7.4% post-market to $16.99 after small business software provider launches equity offering to finance acquisition, and releases preliminary qtrly results
** Co commences $75 mln stock offering to partially fund purchase price for buy of Infusion Software (Keap)
** Acquisition of Keap, a customer relationship management, marketing automation, and sales optimization solutions provider, valued at $80 mln and expected to close by end of 2024, Thryv says
** Also, co says expects Q3 rev of $178-$182 mln vs LSEG estimate of $178.8 mln
** RBC sole bookrunner for stock offering
** THRY shares on Tues closed up 2.2% at $18.34 for 4th straight session of gains. YTD, stock down 10%
** Co has 36.3 mln shares outstanding for nearly $670 mln market cap, per LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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